Borrow Money Articles
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How to Pay Off Credit Card Debt in 6 Simple Steps
It’s time to pay off credit card debt. In this article, I’ll provide six simple steps to help you to get your balance from insurmountable to zero. Our relationship with credit cards starts with the best intention. We never plan to carry a balance from month to month. With the best intentions, things still happen and a relatively small balance…
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How to Pay Your Mortgage Faster: 5 Ways
Are you looking to pay your mortgage faster? Being mortgage-free has its benefit including peace of mind knowing your home is yours. Financial planning might be relatively easy for you, but dealing with the burden of a mortgage can easily turn into a headache. The housing market just by the third quarter of 2020 has seen an increase of 84.5%…
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How to Say “No” to Family or Friends Who Ask to Borrow Money
In a recently updated article, I shared 5 simple rules to loan money to family and friends and maintain healthy relationships. Today, I want to share a deeply personal story of how I borrowed and loaned money to family and friends. I’ve been a borrower and a lender with family and friends. Having been on both sides shaped my current…
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5 Simple Rules to Loan Money to Family and Friends
Have you been asked to loan money to a family or friend? I’m sure you have and a question has been on your mind. Should you loan money to family and friends? Some time ago I was asked by a reader how to respond to family members who were constantly asking to loan money. She cared for their wellbeing but…
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5 Reasons Why Your Credit Card Application was Denied
You might excitedly submit a credit card application, only to be disappointed when your credit card application was denied. Denials are nothing new — as a matter of fact, 13% of Americans have had a credit card application rejected in the past 12 months, according to Next Gen Personal Finance. This might not be a crazy high percentage, but it underscores an important fact…
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Which Credit Card Is Right for Your Wallet?
It’s important to know which credit card is right for your lifestyle. You might think it doesn’t matter which type of credit card you carry in your wallet, but most credit cards cater to a particular spender. The credit card you choose can say a lot about your spending habits, and choosing the wrong credit card can be financially detrimental.…
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7 Reasons Why Renting Might Be Better Than Buying
It’s possible that renting might be better than buying. I recently read an article that said many millennials and older generations are ditching their mortgages and choosing to rent. Not because they can’t afford a mortgage, but because they like the freedom and flexibility that comes with renting. I’ve been a homeowner for about eight years, and although I’m enjoying…
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4 Things to Never Charge to a Credit Card
Credit is a tool but here’s things to never charge to a credit card for better peace of mind and financial wellbeing. Did you know that the average credit card debt of U.S. families is $6,270? That’s according to the most recent data from the Federal Reserve’s Survey of Consumer Finances. On average, we carry a ton of credit card debt.…
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A Home Checklist: What to Know Before Buying a House
You’re about to make the biggest move of your life, so a home checklist will serve you well. It’s time to move out of that apartment and finally realize another piece of the American dream: homeownership. Buying a home is huge. Congratulations on moving forward on another milestone in your life. Now, it’s time to make sure that you practice proper…
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4 Situations When You Don’t Think Credit Matters, But It Really Does
There are times when you know with absolute certainty that your credit score matters. A mortgage lender isn’t going to give hundreds of thousands of dollars to someone who doesn’t pay his bills on time. And although bad credit won’t stop a car loan, a low score has its consequences, such as a higher auto loan rate. I say all…
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